7310 York Ave S #1074EdinaMN55435
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Total monthly income runs $1,319/mo, and a $808/mo payment. Purchase price stands at $165,000, and rental yield measures 9.59% with $1,319/mo rent. Return on cash invested shows 16.23% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 86.88% and total cumulative return in cash records $47,519. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,319/mo property income covering a $808/mo payment rather than investor’s personal income.
Condo
Built in 1972
9.24 Acres lot
$N/A/sqft
$456 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55435, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,855 (100%) |
| Owner Occupied HU | 3,125 (35.3%) |
| Renter Occupied HU | 4,637 (52.4%) |
| Vacant Housing Units | 1,093 (12.3%) |
| Median Home Value | $486,519 |
| Average Home Value | $519,287 |
Housing Distribution
Address Breakdown
Residential
8,596
Single Family
1,673
Multi-Family
6,923
Businesses
1,068
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Listed by: Scott A Nagel • Keller Williams Premier Realty Lake Minnetonka
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6703879
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